Bank of England can raise interest rates faster in the case of a smooth Brexit

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Member of the Bank of England's monetary policy committee, Michael Saunders, believes that if a smooth Brexit process occurs, the British regulator will have to raise interest rates in the coming years faster than investors' expectations, Dow Jones writes. He predicts the achievement of full employment and faster wage increases, which, according to him, will lead to an increase in inflationary pressure. Saunders pointed out that the British economy will receive a strong impetus as a result of the country's smooth withdrawal from the European Union. If the withdrawal is erratic, then we can expect a reduction in investment and a reduction in hiring.

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